Crude yield drops to 6-year low

China Daily (USA) - - BUSINESS -

China’s crude oil out­put dropped to the low­est in more than six years as the coun­try’s State-run en­ergy giants con­tin­ued top­ump­less from aging, high-cost fields. Pro­duc­tion dur­ing Au­gust in the world’s big­gest en­ergy con­sumer dropped 9.9 per­cent from a year ago to 16.45 mil­lion­metric tons, ac­cord­ing to data from theNa­tional Bureau of Sta­tis­tics on Tues­day. projects, while CRC will use the rest for debt re­struc­tur­ing, theNa­tional De­vel­op­ment and Re­form Com­mis­sion said in the state­ment posted on the web­site of the China Cen­tral De­pos­i­tory & Clear­ing Co on Tues­day. of the Gen­eral Ad­min­is­tra­tion of Qual­ity Su­per­vi­sion, In­spec­tion and Quar­an­tine.

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